I reckon we all will be cashing in a lot more in the months to come. This stock is undervalued. They have nicely diversified their business, and the expectation of continued growth and profitability for the remainder of the year bodes well for the stock. I am expecting we could see north of $2 within a year.Back in July 2009, this was trading as high as $9.90. The stock was murdered and left for dead. Remember, that Elliot Fund owns 20% of all the shares outstanding. They have a history of being activist. I reckon they think this stock is significantly undervalued.... Here is some info on Elliot Management http://en.wikipedia.org/wiki/Elliott_Management_Corporation
I think a couple other hedge funds also own significant stakes, as well as a couple insiders. Considering the small share count & float, as well as the large & growing profitability revenues, it should not take much to move the stock price higher on only minimal volume. It appears most the sellers are gone as it is a rarity to see bid-whacking...it just may be smooth sailing north from here on out....
Recent RILY News
- B. Riley Financial to Report First Quarter 2024 Results on Wednesday May 15, 2024 • PR Newswire (US) • 05/08/2024 08:05:00 PM
- B. Riley Will Hold its Annual Commissions for Charity Day on May 16, 2024 • PR Newswire (US) • 05/08/2024 05:25:00 PM
- B. Riley Financial Announces Full Redemption of 6.75% Senior Notes due 2024 • PR Newswire (US) • 05/01/2024 11:30:00 AM
- Planet Cyclery and Colorado Cyclist Sitewide Closing Sale Features Discounts of Up to 30% Across all Apparel, Bike Parts and Accessories • PR Newswire (US) • 04/29/2024 04:00:00 PM
- B. Riley Financial Regains Compliance with Nasdaq Listing Rule 5250(c)(1) • PR Newswire (US) • 04/26/2024 01:01:00 PM
- B. Riley Financial Files 2023 Annual Report on Form 10-K • PR Newswire (US) • 04/24/2024 10:31:00 AM
- B. Riley Farber Expands Western Canada Restructuring Practice with Senior Hire • PR Newswire (US) • 04/22/2024 11:30:00 AM
- B. Riley Farber Expands Western Canada Restructuring Practice with Senior Hire • PR Newswire (Canada) • 04/22/2024 11:30:00 AM
- Atlantic Coast Recycling Unveils State-of-the-Art Recycling Facility; Capital Investment Led by B. Riley Financial • PR Newswire (US) • 04/19/2024 06:17:00 PM
- B. Riley Financial Declares Preferred Stock Dividends • PR Newswire (US) • 04/09/2024 11:31:00 AM
- B. Riley Expands Corporate Advisory and Valuation Services Practice with Key Hire • PR Newswire (US) • 03/25/2024 12:30:00 PM
- B. Riley Financial Announces Notification of Delinquency with Nasdaq • PR Newswire (US) • 03/22/2024 08:30:00 PM
- B. Riley Financial, Inc. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before March 25, 2024 to Discuss Your Rights - RILY • PR Newswire (US) • 03/11/2024 10:40:00 AM
- B. Riley Securities Announces Sponsors of 24th Annual Institutional Investor Conference • PR Newswire (US) • 03/07/2024 12:31:00 PM
- B. Riley Financial, Inc. Class Action: The Gross Law Firm Reminds B. Riley Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of March 25, 2024 - RILY • PR Newswire (US) • 03/07/2024 10:45:00 AM
- March 25, 2024 Deadline: Contact The Gross Law Firm to Join Class Action Suit Against RILY • PR Newswire (US) • 03/05/2024 10:45:00 AM
- B. Riley Financial Launches Review of Strategic Alternatives for Appraisal and Retail, Wholesale & Industrial Solutions Businesses • PR Newswire (US) • 02/29/2024 09:03:00 PM
- B. Riley Financial Reports Preliminary Unaudited Fourth Quarter and Full Year 2023 Results; Declares Quarterly Dividend of $0.50 per share • PR Newswire (US) • 02/29/2024 09:00:00 PM
- B. Riley Securities to Host Radiopharma Investor Conference in New York on March 1, 2024 • PR Newswire (US) • 02/26/2024 12:31:00 PM
- B. Riley Financial Board of Directors Issues Statement Regarding Internal Review • PR Newswire (US) • 02/22/2024 12:31:00 PM
- B. Riley Financial to Report Fourth Quarter and Full Year 2023 Results on Thursday February 29, 2024 • PR Newswire (US) • 02/22/2024 12:30:00 PM
- The Gross Law Firm Notifies Shareholders of B. Riley Financial, Inc. (RILY) of a Class Action Lawsuit and an Upcoming Deadline • PR Newswire (US) • 02/22/2024 10:45:00 AM
- The Gross Law Firm Notifies B. Riley Financial, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline • PR Newswire (US) • 02/09/2024 10:45:00 AM
- The Gross Law Firm Notifies Shareholders of B. Riley Financial, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of March 25, 2024 - (NASDAQ: RILY) • PR Newswire (US) • 02/02/2024 10:45:00 AM
- B. Riley Financial Announces Partial Redemption of 6.75% Senior Notes due 2024 • PR Newswire (US) • 01/30/2024 12:30:00 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM